---
title: "YANCOAL AUS (3668) plans to invest HKD 18.7 billion to acquire 80% equity in Australia's largest underground coal mine, the Red Falcon Mine"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282799362.md"
description: "YANCOAL AUS announced the signing of transaction documents with EMR Capital Advisors to acquire an 80% stake in the Red Falcon Coal Mine, with a maximum transaction price of USD 2.4 billion. The Red Falcon Coal Mine, located in Queensland, Australia, is a large metallurgical coal asset, with a commodity coal production of 5.9 million tons last year, and is expected to support approximately 25 years of mining activities"
datetime: "2026-04-15T07:17:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282799362.md)
  - [en](https://longbridge.com/en/news/282799362.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282799362.md)
---

# YANCOAL AUS (3668) plans to invest HKD 18.7 billion to acquire 80% equity in Australia's largest underground coal mine, the Red Falcon Mine

YANCOAL AUS (3668.HK) announced that it has signed a binding transaction document with EMR Capital Advisors Pty Ltd, Kestrel Coal (EMR) Limited, and Adaro Capital Limited (collectively referred to as "the Sellers"), as well as EMR Capital Management Limited, to acquire an 80% stake in the Kestrel Coal Mine. The Kestrel Coal Mine is located in the Bowen Basin of Queensland, Australia, and is a large, long-life metallurgical coal asset.

YANCOAL AUS will achieve the aforementioned acquisition by acquiring 100% of Kestrel Coal Group Pty Ltd (referred to as KCG), which indirectly holds an 80% stake in the Kestrel joint venture; the maximum transaction price is set at USD 2.4 billion, and the relevant sale and purchase agreement (SPA) has been signed and is binding.

As one of the largest operating underground coal mines in Australia, the Kestrel Coal Mine leads the industry in production efficiency, with its main production rate indicators ranking among the top two underground coal mines in Australia. According to data, the Kestrel Coal Mine's commodity coal production reached 5.9 million tons last year based on 100% equity; the JORC-compliant marketable reserves are 164 million tons, supporting approximately 25 years of mining activities. Additionally, the total coal resource amount is as high as 406 million tons (based on 100% equity), indicating sufficient resource reserves and significant long-term mining value

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